Retirement planning might not be on the minds of many young adults who are just trying to get careers or families started.
With that in mind, is there a certain age that’s best to start planning for retirement?
Not really, according to Joel Garris, president and CEO of Nelson Financial Planning.
Garris said when it comes to retirement planning, the sooner it starts, the better off you’ll be.
“The sooner you wind up getting an investment account started, then you wind up getting the power of time and compounding (interest),” Garris said. “That’s something you want to start as soon as you get that first job.”
For more information on retirement planning and other financial matters, watch the video above.